Luxe Austin Homes - development

"Meritage Homes eager to add to Turner's Crossing neighborhood in far South Austin"

Austin Business Journal writes, "Meritage Homes of Texas LLC continues to expand its Turner's Crossing neighborhood in far South Austin.

More homes could soon rise in the neighborhood off Turnersville Road, in Austin's extraterritorial jurisdiction near the city of Buda. Austin's Planning Commission on Aug. 8 recommended to City Council the approval of the third phase of Turner's Crossing.

Meritage is seeking a final plat for 267 new single-family lots on more than 41 acres, south of the State Highway 45 toll road.

It would be another step forward for what what's planned as a large community about 10 miles south of downtown Austin. If fully constructed, the development could have more than 1,300 single-family homes on 468 acres, Austin…

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"Landsea Homes to build in budding Lariat neighborhood"

Austin Business Journal reports, "months after relocating its headquarters to North Texas from Southern California, a national homebuilder is erecting residences in one of Central Texas’ most explosive cities.

Dallas-based Landsea Homes (Nasdaq: LSEA) purchased 84 lots to build on within Liberty Hill’s sprawling 688-acre Lariat neighborhood — developed by Liberty Hill-based Randolph Texas Development LLC — the homebuilder announced Aug. 3.

Landsea, which announced its corporate relocation to Dallas in March, now has more than 1,000 homes planned for cities surrounding Austin. And, according to Landsea’s website, Central Texas is the state’s only region Landsea has projects being worked on in.

Landsea’s offerings within Lariat will be varied,…

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"Home prices stabilize after historic highs in Southwest Austin area"

Community Impact Austin writes, "even as Southwest Austin remains among the most desirable and pricier areas of the metro to buy or rent, local data points to the housing market settling down after a recent burst of activity.

Movement toward a more balanced market has been underway since last year with observers crediting broader trends, such as rising interest rates, lasting inflation and more mild job growth, for spurring the changes. Every month in 2023 has seen local homes priced well below 2022 levels and taking longer to sell.

The days of new home listings drawing crowds and selling rapidly are not entirely over, some real estate experts said. Generally, they said buyers now have a better chance to explore their options thanks to narrowing…

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"More housing could be headed to Lakeway"

Austin Business Journal reports, "Lakeway City Council must decide whether to rezone a 33.9-acre tract and clear the way for a largely residential community in the city.

At an Aug. 2 meeting, Lakeway’s Zoning and Planning Commission voted unanimously to recommend the rezoning to Council. The proposed change would see the tract switch from single-family temp zoning to a planned unit development, according to the meeting agenda.

Housing developer Cascade Homes LLC made the rezoning request for the Balcones Point PUD on behalf of the property owners, the MB Winborn Trust and Gregory & Kenneth Winborn Irrevocable Trust.

It was not clear when Council could vote on the rezoning. It typically meets on the third Monday of each month.

If built, the…

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"Austin expedites land use reforms for denser housing"

Austin Business Journal reports, "a push by a handful of Austin-based nonprofits to expedite construction of denser, more affordable housing has garnered a response from City Hall.

A coalition of housing-focused organizations issued a call to city leaders on July 7 to expedite code changes to enable developers to build denser and faster than previously allowed. The letter was from the Austin Housing Coalition, Transit Forward, HousingWorks Austin and the Austin Justice Coalition.

About two weeks later, Austin City Council unanimously approved a resolution July 20 that authorizes the city manager to propose code amendments that complement the city’s ongoing piecemeal changes to its land development code. The ultimate goal is to streamline…

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"Multifamily development bringing 119 homes to Sam Bass corridor in Round Rock"

Community Impact Austin writes, "a multifamily project that was recently rezoned would bring a planned 119 housing units to the Sam Bass Road corridor, providing additional housing in a quickly growing area.

What's happening

Round Rock officials voted July 27 on a request to rezone 8.51 acres of land at the intersection of Sam Bass Road and Meadows Drive. The land was previously zoned for public facilities, such as assisted living, government services, medical clinics, places of worship, schools and public offices. It was also previously owned by Freedom Church but was recently sold to a residential developer, said Brad Wiseman, Round Rock's director of planning and development services.

Long story short

The city's comprehensive land-use plan shows this…

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"Travis Club gearing up to start construction on huge waterfront site"

Austin Business Journal reports, "construction is finally nearing for a 1,058-acre master-planned community west of Austin with an 18-hole golf course.

Plans call for the neighborhood, the Travis Club, to rise on an undeveloped bend of Lake Travis between Thurman Bend Estates and the Briarcliff community.

The resort-style community is being developed by Menlo Park, California-based real estate developer Haas & Haynie Corp. and Austin-based real estate investment firm Castle Hill Partners Inc.

The final plat of the first phase was approved July 18 by Travis County commissioners, which clears the way for the first 53 single-family homes and 68 "villa" units to be built on nearly 340 acres. That will be major milestone for a sometimes…

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"First of Georgetown's 3D-printed homes hit the market"

Community Impact Austin writes, "a community of 100 homes being built with 3D-printer technology in Georgetown’s Wolf Ranch neighborhood reached a milestone July 22, when the first model home opened to the public.

What’s happening?

Construction technology company ICON, in partnership with homebuilder Lennar, architecture firm Bjarke Ingles Group and developer Hillwood Communities, has been steadily printing walls using its Vulcan robotic construction systems since the project was announced in November. With the first model home now completed, the group has begun selling its tech-forward houses with the first residents set to move in this September.

A closer look

The 3D-printed homes are made out of ICON’s proprietary cementitious mix, Lavacrete. The…

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"Tri Pointe Homes developing neighborhood of its own"

Austin Business Journal reports, "Tri Pointe Homes Inc. broke ground earlier this month on its first Georgetown neighborhood, the developer announced July 12.

The neighborhood, called Park Central, will bring more than 400 single-family and attached homes to the fast-growing city north of Austin from Tri Pointe (NYSE: TPH), a national homebuilder that is one of the busiest in the region. While Tri Pointe's Austin division has jointly developed communities in Central Texas, Park Central will be the first community it self-develops on its own, Division President Bryan Havel said in an email.

Park Central is rising on 77.8 acres at Sam Houston Avenue and Bell Gin Road in southeast Georgetown. Homes will sit on 45- and 50-foot lots and range from…

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"New development company behind project on Williams Drive in Georgetown"

CommunityImpact Austin writes, "Savvy Development, a new development company working in Williamson County, is spearheading its first project on Williams Drive in Georgetown.

The 24-acre site located at 4775 and 4795 Williams Drive will include multifamily housing, restaurant, retail and office space, said Travis Wilkes, Savvy Development co-founder and chief operating officer.

Diving in deeper

Wilkes said Savvy has owned the Williams Drive property for about a year and half.

During that time, the company sold 9 of its 24 acres to Georgetown real estate company Novak Brothers, which plans to build a 216-unit apartment community on the site, he said. Novak is scheduled to begin construction Oct. 28.

Additionally, Savvy sold one other piece of the…

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